{"id":406433,"date":"2021-03-23T10:24:04","date_gmt":"2021-03-23T04:54:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=406433"},"modified":"2021-03-23T10:24:04","modified_gmt":"2021-03-23T04:54:04","slug":"pimco-rules-out-future-adani-ports-investment-on-controversial-australia-coal-project","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pimco-rules-out-future-adani-ports-investment-on-controversial-australia-coal-project\/","title":{"rendered":"Pimco rules out future Adani Ports investment on controversial Australia coal project"},"content":{"rendered":"<p>Pacific Investment Management Co., which is seeking to decarbonize its investment portfolio, has stopped participating in the bond offerings of Adani Ports &amp; Special Economic Zone Ltd. because of its links to a controversial coal project Australia, according to a person familiar.<\/p>\n<p>Pimco, which is owned by Germany\u2019s Allianz SE, did not participate in Adani Ports\u2019 $500 million bond sale in January, the person said, while its existing holdings in Adani Ports would be allowed to run to maturity. A spokesperson for Allianz declined to comment.<\/p>\n<p>Adani\u2019s Australian mining unit &#8212; last year re-branded as Bravus Mining &amp; Resources &#8212; has drawn fierce opposition from environmental groups over the 10-million-tons-per-annum Carmichael thermal coal project. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pacific Investment Management Co., which is seeking to decarbonize its investment portfolio, has stopped participating in the bond offerings of Adani Ports &amp; Special Economic Zone Ltd. because of its links to a controversial coal project Australia, according to a person familiar. Pimco, which is owned by Germany\u2019s Allianz SE, did not participate in Adani Ports\u2019 $500 million bond sale in January, the person said, while its existing holdings in Adani Ports would be allowed to run to maturity. A spokesperson for Allianz declined to comment. Adani\u2019s Australian mining unit &#8212; last year re-branded as Bravus Mining &amp; Resources &#8212; [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[190,139,130],"tags":[],"class_list":["post-406433","post","type-post","status-publish","format-standard","hentry","category-coal-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/406433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=406433"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/406433\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=406433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=406433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=406433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}